Saturday, June 2, 2012

History of Nepali paper currency

Shyam
Khatiwada has brought a collection worthy book 'Glimpses of Nepalese Paper Currency'.
Going by the name the books, it seems that the book covers only the history of Nepalis paper currency but the book, a product of hard work by the author, covers also the history of Nepalis coins, from the very first coin of Nepal issued by Lichhivi king Mandev to Malla dynasty's coins to silver coins of Dolakha, to the special coins in the near past.
Due to big volume of trade, the demand of currency increased and slowly the government was forced to issue paper currency replacing the coins, he writes before explaining the total number of paper currency notes in circulation and destroyed notes till date.
The book has also covered the history of paper currency in Nepal with their pictures apart from the central bank's history and the office that was responsible to look after the money supply in the country.
Glimpses of Nepalese Paper Currency' could also be a recorded history of the Nepali economy's vital part, money supply, with its technical aspects like prefix, quantity, date of issue of the paper notes in the country. The book also teaches how to recognise counterfeit notes, has pictoral collection of defective notes, fancy currency notes like notes of serial numbers 888888 or 111111, colours, sizes, security features of the Nepali paper currency in a simple and short
description for common readers and those who have interest in paper
currency and numismatic.
The book — that is a complete history of Nepalis paper currency from 1945 AD to 2012 AD — also has the pictures and signatures of the successive governors of the central bank and even before them, the Khajanchis, who were responsible for the issue of notes before the establishment of the central bank.

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